HEAD AND SHOULDER forming and CORRECTIVE WAVE A,B,C
hold your sell position, i would advice you wait for breakout
IBO initial breakout on EURUSD and double bottom, inverted head and shoulder on daily time frame....complex elliot wave playing out on wave123, so we are going to catch the break and retest to catch the wave 5 movement
Trendline Breakout and retest for a bearish move......selllllllllllllll
This an Elliott corrective wave movement
112.831 is a retest zone and support zone of previous zones ..trend-line was broken, so i see a retest at 112.831 then Elliot wave 3 begins its spike upwards to 113.431 should be our 1st take profit and 113.989 should be our second take profit....
I PLOTTED OUT A CORRECTIVE WAVE ,,,WAVE C....I ALSO HAVE AN INITIAL BREAKOUT OF TRENDLINE AND CHART IS ABOUT TO RETEST THE SUPPORT TO TURN RESISTANCE
EURJPY is going to be bullish because of its 3 rising valley and it also retest it support area at 129.468 it has its bullish run to 131.000